Renaissance Learning Clinches $1.1 Billion Deal

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Less than a month ago, Renaissance Learning, owned by Permira Fund,raised $40 million from Google Capital at a $1 billion valuation.

 

Today, Permira will be getting that amount–and a bit more. Hellman & Friedman, a private equity firm based in San Francisco, is shelling out $1.1 billion to acquire Renaissance Learning.

 

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